Telecom: Pricing it right

It isn't often that markets respond enthusiastically when companies in the services sector raise the price of their products. On Wednesday, however, the stock prices of telecom companies shot up. Especially over the last three years, telecom companies have bled profusely in pursuing a price war. From above Rs 200 in December 2008, the average revenue per user had dipped to near Rs 150 by September 2012.

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